Ontario Apartment Market
Apartment Universe
Ontario is Canada’s largest province in terms of population and contains the nation’s largest rental apartment market with approximately 622,465 rental apartments with an overall provincial vacancy rate of 2.7%. The biggest markets inside Ontario with over 5,000 rental apartments are in order: Toronto, Ottawa, London, Hamilton, Mississauga, Kitchener, Windsor, Kingston, Brampton, Oshawa, Burlington, Guelph, Peterborough, Sarnia, and Waterloo.
Not all of these apartment markets are doing well, however, and investors should be wary of Windsor and Peterborough in particular, since both have shown a trend of significantly increasing vacancies, while Oshawa has a questionable future. On the other hand, markets such as Waterloo and Burlington are favourable markets for apartment owners with good choice and opportunities for investors.
To learn more about a specific rental market, please select a city from the list below.
| Barrie | Oakville |
| Belleville | Oshawa |
| Burlington | Ottawa |
| Cambridge | Peterborough |
| Guelph | Sarnia |
| Hamilton | St. Catharines |
| Kingston | Sudbury |
| Kitchener | Toronto |
| London | Waterloo |
| Niagara region | Windsor |
Because of the large size of Ontario’s rental apartment market, wide variety of product choice, and strong ongoing demand, investors cannot sidestep Ontario as a target market when buying apartment buildings. Careful research into each city and town is recommended and investors should keep an open mind since opportunities will be found at street level investigation, not through high-level analysis.
